Vox
•78% Informative
Price of food for home consumption rose by 11.4 percent last year, the highest yearly percent change since 197 American d companies say their today e increases m just a couple of years ago ir costs have gone up due to “inflation about 22 percent like higher January costs, transp two years ago ys, and capacity i almost 21 percent lionaires — th 31 percent t the top of the Americans in at many of these companies — have grown exponentially wealthier.
Food and agribusiness billionaires increased their wealth by at least $400 billion during the pand the US Department of Agriculture er of players have gobbled up most of the food ch 11.4 percent c last year can raise prices when they think they won’t 1974 a huge backlash, an economist s another 8.6 percent wnin 2023 p in power between the last two decades erests.
This year-to-year ’ inflation, which means t 2 percent re to increase prices comes from companies wanting to raise prices.
Big corporations with brand recognition and customer loyalty can feel safer about charging more.
The American e customers will be more willing to pay higher prices if the hikes are seen a Propel timate. almost a third yFeed_highLightText__NxlGi">Becker March 1 t $6.39 billion Spain 95 ="summaryFeed_highLightText__NxlGi">Ahmed Oxfam One about 11 million o 2022 ear 10 percent Larry Summers Becker Americans Becker Wasner first Wasner One Cargill d_highLightText__NxlGi">Emily Stewart Wasner Web fiscal year 2022 class="summaryFeed_hi a record $165 billion ep A record $6.68 billion ss="summaryFeed_highLightText__NxlGi">Wasner 2020 n class="summaryFeed_highLig $1.21 billion ">Meli early last year Bloomberg Barclays bank 70 years maryFeed Chris Becker xt__NxlGi">Jeffrey Mel the Groundwork Collaborative ryFeed_highLightText__NxlGi">Ahmed Tyson Foods maryFeed_highLightText__NxlGi">yea US to-date between the first quarter of 2021 ent the first quarter of 2022 ryFeed_highLightText__NxlGi">A General Mills pan> Tyson FoodsAnnie’s pa Betty Crocker ar Chex d_high Bisquick t__NxlGi">Krogerfive 2021 maryFeed_highLightText__NxlGi">November 2021 the end of last year ighLightText__NxlGi">B 97 percent n> the previous quarter LightText 16 percent x annually n> Conagra class="summaryFeed_highLightText__NxlG Healthy Choice > Duncan Hines ="summ Reddi ed_highLightTe 22 percent >Wasner last quarterly ed_highLightText__NxlGi">Wasner< Walmart US maryFeed_highLightText__NxlGi">two the past several years Text__Nxl 7 percent rbetween 2020 and 2021 aryFeed_highLightText__NxlGi">Russia the 1980s the last several de seven Walton highLightText__NxlGi Walmart r $238 billion tText__NxlGi">one Oxfam an class="summaryFeed_highLightText__Nx $8.8 billion 0 between 2020 and 2022 n clas the past few years hL Oxfam ext annual i">US two Last year’s the previous few quarters Almost 90 percent NxlGi">General Mills February Wasner US hi Today htText__NxlG four sabella Weber
VR Score
77
Informative language
73
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49
Article tone
informal
Language
English
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44
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External references
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Source diversity
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